Crusoe Energy is a private company that utilizes natural gas for cryptocurrency mining.
| date | round | amount | valuation | investors |
|---|---|---|---|---|
| Oct 2025 | Series E | $1.38B | $10B post-money | Valor Equity Partners, Mubadala Capital |
Crusoe's concentrated equity incentives reward teams directly for delivering compute faster, unlike large hyperscaler organizations. In a capacity-constrained market, time-to-power and time-to-revenue matter more than traditional cloud scale advantages.